Prime Minister of the Republic of Kosovo, Hashim Thaci signs agreement with Dr. Lawrence Spinelli President of OPIC, Overseas Private Investment Corporation, guaranteeing American investments in Kosovo.
Mr. Spinelli said that this agreement opens a new chapter of relations between USA and Kosovo and also it creates an opportunity of American investments in Kosovo.
Prime Minister Thaci said that the agreement is another strengthening of economic relations between Kosovo and the United States and that all American investments will enjoy the support of the Government of the Republic of Kosovo.
The Overseas Private Investment Corporation (OPIC) was established as an agency of the U.S. government in 1971. OPIC helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, complements the private sector in managing risks associated with foreign direct investment, and supports U.S. foreign policy. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers.
Mobilizing the U.S. private sector to advance U.S. foreign policy and development initiatives, OPIC-supported projects make a difference by expanding economic development, which can encourage political stability and free market reforms. Currently, OPIC services are available for new and expanding business enterprises in more than 150 countries worldwide.
OPIC’s financing and political risk insurance also help U.S. businesses of all sizes to compete in emerging markets and meet the challenges of investing overseas when private sector support is not available. OPIC promotes U.S. best practices by requiring projects to adhere to international standards on the environment and worker and human rights.
New Kosova Report